Research Fair Bank Guide

Rabobank reprimanded for financing Tyson Foods

28 February 2018 - Wouter Baan - 1 reaction

Several Dutch banks have been reprimanded by the Fair Bank Guide because they invest billions in companies that do not take animal welfare very seriously. For example, Rabobank is a major lender of 'animal-unfriendly' Tyson Foods.

A number of large Dutch banks (Rabobank, ING and ABN Amro) are said to have invested around €2012 billion between 2017 and 9 in companies that are said to be unfriendly to animals. This is apparent from research by the Fair Bank Guide, an organization that compares banks on various aspects (such as policy and sustainability). The organization says it is concerned that banks are not responsible for animal welfare.

Finance Tyson Foods
Rabobank (€6,8 billion) is one of Tyson Foods' most important lenders. This while the American meat company is in the news almost every year because of violating animal welfare. ABN Amro (€45 million) and ING (€44 million) are also investing in Tyson Foods, but these amounts are disproportionate to the investment from Rabobank.

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Wouter Job

Wouter Baan is Head of Meat & Dairy at BoerenbusinessAt DCA Market Intelligence, he focuses on dairy, pork, and meat markets. He also monitors (business) developments within agribusiness and interviews CEOs and policymakers.
Comments
1 reaction
Ton Westgeest 28 February 2018
This is a response to this article:
[url=http://www.boerenbusiness.nl// artikel/10877709/rabobank-reprimanded-om-financing-tyson-foods][/url]
That's not news, Rabobank doesn't give a shit about animal welfare and people, the bank cares about making money. So closing offices, financing less in the agricultural sector, tightening the ropes on the farmers and borrowing money that can be used to make money. With or without fraud. One thing is certain for the bank, there are already too many rules here..
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